Global Grow Light Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Published on: 2024-01-04 | No of Pages : 400 | Industry : Agriculture
Publisher : MRA | Format : PDF
Global Grow Light Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light, or where supplemental light is required.
Grow Light report published by MRAResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Grow Light market is projected to reach US$ 9614.6 million in 2033, increasing from US$ 4504.3 million in 2022, with the CAGR of 11.3% during the period of 2023 to 2033. Demand from Indoor Farming and Vertical Farming are the major drivers for the industry.
North America, Europe and Asia Pacific are the key regions for Grow Light industry. Among those areas, stimulated by rigid demand from downstream industries, Asia Pacific is estimated to experience fast growth, with the CAGR of % during 2023 to 2033.
Globally, Grow Light key manufacturers include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. AeroFarms, Royal Philips, General Electric are top 3 players and held % sales share in total in 2022.
Grow Light can be divided into High Intensity Discharge(HID), LED, Fluorescent and Plasma, etc. High Intensity Discharge(HID) is the mainstream product in the market, accounting for % sales share globally in 2022.
Grow Light is widely used in various fields, such as Indoor Farming, Vertical Farming, Commercial Greenhouse and Others, etc. Indoor Farming provides greatest supports to the Grow Light industry development. In 2022, global % sales of Grow Light went into Indoor Farming filed.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2033), aims to help readers to get a comprehensive understanding of global Grow Light market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Manufacturers, Type, Application and Regions Listed in the Report
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Segment by Type
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Each chapter of the report provides detailed information for readers to understand the Grow Light market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Grow Light, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Grow Light industry.
Chapter 3Historical (2018-2022) and forecast (2023-2033) volume and revenue analysis of Grow Light in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Grow Light introduction, etc. Grow Light Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13MRAResearch’s Conclusions of Grow Light market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by MRAResearch.
Grow Light report published by MRAResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Grow Light market is projected to reach US$ 9614.6 million in 2033, increasing from US$ 4504.3 million in 2022, with the CAGR of 11.3% during the period of 2023 to 2033. Demand from Indoor Farming and Vertical Farming are the major drivers for the industry.
North America, Europe and Asia Pacific are the key regions for Grow Light industry. Among those areas, stimulated by rigid demand from downstream industries, Asia Pacific is estimated to experience fast growth, with the CAGR of % during 2023 to 2033.
Globally, Grow Light key manufacturers include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. AeroFarms, Royal Philips, General Electric are top 3 players and held % sales share in total in 2022.
Grow Light can be divided into High Intensity Discharge(HID), LED, Fluorescent and Plasma, etc. High Intensity Discharge(HID) is the mainstream product in the market, accounting for % sales share globally in 2022.
Grow Light is widely used in various fields, such as Indoor Farming, Vertical Farming, Commercial Greenhouse and Others, etc. Indoor Farming provides greatest supports to the Grow Light industry development. In 2022, global % sales of Grow Light went into Indoor Farming filed.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2033), aims to help readers to get a comprehensive understanding of global Grow Light market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Manufacturers, Type, Application and Regions Listed in the Report
By Company
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Segment by Type
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Segment by Application
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
Segment by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Each chapter of the report provides detailed information for readers to understand the Grow Light market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Grow Light, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Grow Light industry.
Chapter 3Historical (2018-2022) and forecast (2023-2033) volume and revenue analysis of Grow Light in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Grow Light introduction, etc. Grow Light Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13MRAResearch’s Conclusions of Grow Light market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by MRAResearch.